Collector Facing FDCPA Class-Action for Allegedly Not Using Allowed Itemization Date
- Ahhhhh … The itemization date. In the run-up to the enactment of Regulation F, this was a particular concern for companies in the ARM industry. Collectors could choose from one of five dates — the last statement date, charge-off date, last payment date, transaction date, or judgment date — to give the consumer a frame of reference about the debt. But the collector didn’t have to tell the consumer which date was being used. Won’t this lead to confusion, some collectors asked. Case in point, a class-action lawsuit has been filed against a collector for violating the Fair Debt Collection Practices Act and Regulation F for sending a Model Validation Notice with an itemization date that is allegedly not one of the five options.
- More details here.
- This series is sponsored by WebRecon
Consumers Say BNPL Gives Them More Control Over Finances than Credit Cards
- Three out of four consumers claim that credit cards make it difficult for them to manage their finances because of varying payments and additional fees for making late payments or going over their limit, according to the results of a survey commissioned by Affirm, a Buy Now, Pay Later provider.
- More details here.
Healthcare Debt Hits Middle Class the Hardest: Report
- When it comes to carrying medical debt, the middle class is the one that is getting hit the hardest, according to a report released yesterday, which also revealed that minorities are more likely to carry medical debt that other racial groups. Middle-class families are less likely than lower-income families to delay seeing a doctor and are less likely to qualify for charity care or programs like Medicaid, making them more vulnerable to medical debt, according to the report.
- More details here.
Judge Grants MSJ For Defendant in FDCPA Case Over Differing SOLs
- A Magistrate Court judge in Texas has granted a defendant’s motion for summary judgment after it was sued for violating the Fair Debt Collection Practices Act and the Texas Debt Collection Act because it filed a lawsuit to collect on an unpaid debt after the plaintiff alleged the stature of limitations had expired, ruling that the plaintiff’s interpretation of the type of debt — and the corresponding statute of limitations — was incorrect.
- More details here.
WORTH NOTHING: You know those tests that websites give you to prove you are a human and not some kind of bot? The bots are better at it than we are … Did you know the same guy has been the voice of Nintendo’s Mario for 30 years? … The dog ate my passport … The lowest wage that the average American worker will take to accept a new job hit a record high this year … Americans are interested in the four-day work week, but only if they can do it from home … Airline close calls happen a lot more frequently than you think … There is now only one new car you can buy for under $20,000 … The world’s first spotless giraffe has been born in a U.S. zoo.
Trailer Tuesday, part I
Trailer Tuesday, part II
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